Finance Analyst - MUSC Foundation

Medical University of South Carolina•Charleston, SC

3d•Onsite

About The Position

The MUSC Foundation manages approximately $1 billion in total assets, including $918 million in investments and $49 million in real estate, with remaining assets held in various other categories. The Foundation’s mission is to support the educational, research, clinical, and strategic programs of the Medical University of South Carolina (MUSC), the Medical University Hospital Authority, and other related entities. MUSC Foundation is searching for a Finance Analyst who is responsible for bank reconciliations, treasury maintenance, general ledger reconciliations, journal entries and audit support.

Requirements

Bachelor’s degree or minimum of two years of experience in accounting, finance, or a related field
Basic knowledge of accounting principles
Knowledge of the principles, practices, theories and terminology of accounting, banking, financial management or investment
Ability to learn and use new software and programs
Advanced Microsoft Excel skills
Ability to proficiently apply mathematical concepts
Ability to analyze and interpret complex financial data and reports
Ability to perform qualitative and quantitative analysis
Organized, inquisitive, diligent, and self-directed
Detail oriented
High standards of work quality and presentation

Responsibilities

Responsible for timely and accurate preparation of bank account reconciliations for all entities (MUSC Foundation, MUSC Events LLC, 1824 Health Ventures LLC, etc.).
Reconciles bank transactions within the MUSC Foundation checking accounts on a daily basis.
Investigates and resolves discrepancies between bank statements and general ledger balances.
Reviews and reconciles investment accounts including both the long-term and short-term pools along with planned gift portfolios.
Performs all appropriate reviews of transactions codes used for tracking investment balances and other activity to ensure completeness of records.
Responsible for generating, monitoring, updating, and ensuring accuracy of monthly allocations of investment activity across approximately 1,700 projects.
Records investment-related transactions, including purchases, sales, income, and valuation adjustments.
Maintains investment schedules and investment audit schedules.
Records and reconciles real estate transactions, including acquisitions, dispositions, rents, and related expenses.
Maintains detailed supporting schedules for real estate assets and related liabilities.
Maintains and updates the Fixed Asset System which includes generating monthly depreciation journal entries and maintaining schedules.
Provides quarterly cash flow analysis for rental activities.
Calculates and records derivative activities associated with interest rate swaps.
Prepares audit schedules for real estate.
Reconciles asset and liability accounts.
Follows and updates standard operating procedures.
Coordinates with Finance Director to prepare all journal entries associated with daily, monthly, and quarterly money transfers associated with treasury management.
Provides audit assistance.
Other duties and responsibilities as assigned.
Provides back-up to other staff accountants.
Assists with system implementation and improvement.